Emirates Steel Arkan and Magsort collaborate on decarbonisation
Emirates Arkan Steel (ESA) has announced a strategic collaboration with Magsort, a Finnish decarbonisation company, to drive an innovative initiative across ESA's Al Ain ce...
Middle East
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City Cement Co reports a fall in sales quantity during 2023
City Cement Co of Saudi Arabia has recently uploaded its annual financial results for the period ending on 31 December 2023 at the Saudi Exchange. During this period, the com...
Qassim Cement Co is to acquire all of Hail Cement Co's shares
Two cement producers in Saudi Arabia are in the amalgamation process and have informed their intention with limited details to the local bourse. According to a notification of ...
Raysut Cement Co announced a change of board member
Raysut Cement Co informed the Muscat Stock Exchange on 18 February that Mubeen Jaleel Khan resigned as a board member due to personal reasons. This was effective from 15 Febr...
Prospects for the GCC industry
The Gulf Cooperation Council (GCC) economy has come under pressure from falling oil revenues, but economic diversification is paying off. Moving into 2024, cement market growth...
Gulf Cement Co sees revenue advance 33% YoY
Gulf Cement Co has posted revenue of AED462.7m (US$125.99m) for 2023, up 33 per cent from the AED348.1m reported in the previous year. For 2023 the company saw a loss of AED2...
Saudi cement exports down 18% YoY in January
Saudi Arabia reported a 17.8 per cent YoY decline in its cement exports in January 2024 with volumes falling from 638,000t in January 2023 to 524,000t in the same period a year...
Yamama Cement posts 7% YoY fall in revenue in 2023
Saudi Arabia's Yamama Cement Co has announced revenue of SAR935.19m (US$249.38m) for 2023, down 7.23 per cent on the SAR1008.1m seen in the previous year. Operational profit ...
Sinoma wins Yamama Cement new line project
Sinoma has been awarded the Yamama Cement production line upgrade contract. According to Saudi media, the contract is for a full-scale upgrade of the cement production line, ...
Misr Cement appoint new CEO and MD
Mr Hassan Gabry has been appointed the new CEO, managing director and member of the Board of Directors at Misr Cement Group , effective from February 2024. Mr Gabry brings ...